Quick facts: Cody, NE

Quick Facts

94.7
Cost of Living
below US average
167
Population
299.4
Crime Rate per 1000
above US average
$48,750
Median Income
below US average
$97,000
Median House Price
above US average
$69950.0
Average Rent
above US average
12%
Poverty Rate
above US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $48,750.

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Income Needed to Buy

βœ“ Affordable
$30k/year
Based on $97,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($48,750) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$2998k/year
Based on $69950.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $2998k vs median $48,750
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cody, NE

Cody is a small village located in the north-central region of Nebraska, primarily in Buffalo County, with a small portion extending into Sheridan County. Nestled within a scenic rural landscape, Cody offers a tranquil setting surrounded by the beauty of the Sandhills. The village has a tight-knit community, characterized by a friendly atmosphere and a slower pace of life, making it an inviting place for those who enjoy the charm of small-town living. Cody is situated near the calm waters of the North Platte River and provides easy access to outdoor recreational activities, such as fishing, hunting, and hiking. The surrounding area is known for its stunning prairies and open spaces, attracting nature lovers and outdoor enthusiasts alike. With a population of around 100 residents, Cody emphasizes community involvement and local events. The village is not far from larger towns, giving residents access to more extensive amenities and services while retaining the peaceful environment of rural living. Whether you're seeking a quiet retreat or an adventurous lifestyle, Cody offers a unique slice of Nebraska's charm.

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